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Sign in Sign up for a FREE subscriptionEDF Invest, Swiss Life invest $1.2b in Databank
DigitalBridge Group has sold ownership interests to affiliates of Swiss Life Asset Management AG (SLAM) and EDF Invest, which is part of the firm’s recapitalization of its portfolio company DataBank.
Under the terms of the agreement, SLAM and EDF will acquire 27 percent of the fully diluted equity interests in DataBank for approximately $1.2 billion in cash from existing investors.
“Since we acquired DataBank in 2016, we have scaled its footprint, capacity and customer base in key metro areas across the United States, transforming DataBank from a business serving three markets with six facilities to the premier edge infrastructure platform serving 27 markets across more than 65 facilities,” said Marc Ganzi, CEO of DigitalBridge. “The formation of this new permanent capital vehicle allows DigitalBridge shareholders to maintain significant exposure to the next phase of value creation at DataBank alongside our new co-investors while also freeing up significant cap
